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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 2
The government auctions off 500 units of pollution rights. They sell for $50 per unit, raising total revenue of $25,000. This policy is equivalent to a corrective tax of ___________ per unit of pollution.
A) $10
B) $50
C) $450
D) $500
A) $10
B) $50
C) $450
D) $500
Explanation
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Verified
Economists prefer corrective tax to redu...
Essentials of Economics 7th Edition by Gregory Mankiw
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